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Wage scene puts Fed rate hike in doubt

The structural changes in the labour markets explain why the jobless rate remained high at 9.4 per cent among the less skilled African-American workers, while it was at the low rate of 3.9 per cent among the more educated Asian-American workforce.

PHOTO: REUTERS

ROBUST job growth in the United States in November is creating a momentum that is expected to put pressure on policymakers at the Federal Reserve to take the final step in ending its loose post-Great-Recession monetary strategy and hike the Fed's benchmark interest rate - for the first time in